Piedmont Realty Trust, Inc.
For the period ended Mar 31, 2026. Filed Apr 30, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2026 · Filed Apr 30, 2026
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Item 5. Other Information
During the fiscal quarter ended March 31, 2026, none of our directors or officers adopted orterminated a “Rule 10b5-1 trading arrangement” or a “non-Rule 10b5-1 trading arrangement” as those terms are defined in Regulation S-K, Item 408.
The foregoing is intended to satisfy Piedmont’s Item 5.02(e) Form 8-K reporting obligations by making timely disclosure in accordance with Item 5(a) of Form 10-Q.
On April 28, 2026, Piedmont’s Board of Directors approved an Amended and Restated Participation Agreement with Sherry Rexroad, Chief Financial Officer, under Piedmont’s Executive Severance Plan (the “Amended Participation Agreement”). The Amended Participation Agreement provides for an increase to Ms. Rexroad’s severance multiplier in the event of a termination not for cause in connection with a change in control or a resignation for good reason in connection with a change in control to 2.5x (the “Severance Multiplier”). In the event of a qualifying termination, the Severance Multiplier will be multiplied by the sum of the participant’s annual base salary and target annual bonus.
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